Commercial Real Estate Transactions 10-22-19
Sales Transactions 1. Urban Communities S29, LP, an entity formed by Urban Communities of Phoenix, purchased Standard on 29th Apartments, a 357-unit multifamily housing community located near 29th St. and Indian School in Phoenix, for $30.05M. The NorthMarq Phoenix investment sales team of Trevor Koskovich, Bill Hahn and Jesse Hudson represented both the seller, The […]
Axon’s Plans for New HQ Stall
By Hayley Ringle for Phoenix Business Journal Axon Enterprise executives have to find a new place to build their planned headquarters after its plans fell through with the Salt River Pima-Maricopa Indian Community. On Oct. 10, Axon terminated the purchase and sale agreement of the land on which the facility would have been built on […]
Mesa Medical Office to Undergo Multi-Mil. Renovation
Alexandra Loye and Julie Johnson of Colliers International in Arizona have been enlisted to handle leasing for the Desert Medical Plaza, a four-building, 289.1KSF medical office project located on the Banner Desert Medical Center campus on Dobson Road and the US-60 in Mesa owned by Lillibridge Healthcare Services. Currently offering attractive leasing packages for new […]
BYF AZ to Level the Playing Field for Const. Careers
Source: Build Your Future Arizona With a focus on empowering people to build their future, Build Your Future Arizona (BYF Arizona) was established through a private-sector, industry-driven campaign of the Greater Phoenix Chamber Foundation in partnership with the national Build Your Future (BYF) initiative. BYF Arizona showcases the incredible opportunities available for people to find […]
Phoenix Office Market Remains Strong
Source: Colliers International in Arizona The Greater Phoenix office market remained strong through third quarter 2019 and remains in the Top Five metro areas for job creation in the United States. Since July, more than 14,000 new jobs have been announced, which will fuel demand and development of more office space. Third quarter 2019 was […]
Arizona Projects 10-18-19
Awards & Accolades 1. Achen-Gardener Construction’s Commonwealth Canal Promenade has won the Grand Award and the Best Small Project Under $2.5M Award from ACEC Arizona. Groundbreakings 2. FWD Partners, LLC broke ground on a 52KSF medical office project called Auviana, located at 14753 W. Mountain View Blvd, Surprise. Dan Astle with Edifice is the architect […]
Data Center for Mesa’s Elliot Rd Tech Corridor
By Tasha Anderson for AZBEX Mesa’s Elliot Road Technology Corridor may see a new data center campus on a 102-acre parcel at Elliot and Signal Butte Roads. Sacramento, California-based RagingWire Data Centers is planning a flagship Arizona campus consisting of seven two-story buildings ranging in size from 165KSF-229KSF. The total development area for the project, […]
Developer Plans Central Phoenix High-Rise
By Corina Vanek for Phoenix Business Journal Since the 1970s, billboard easements on the NWC of Central Avenue and Thomas Road have limited development possibilities on the otherwise vacant land. But after reaching an agreement with Clear Channel Outdoor Holdings Inc., Phoenix-based developer Pederson Group Inc. is planning a mixed-use high-rise on the site. The […]
Tucson OKs Ronstadt Transit Center Redev. Plans
By Joe Ferguson for Arizona Daily Star The Tucson City Council approved a conceptual proposal to redevelop the downtown Ronstadt Transit Center, building a new hotel, apartments, commercial space while retaining the bus station. The $60M deal with local developer Peach Properties would reshape the downtown landscape with four new high rises built mainly along […]
Industry Professionals 10-15-19
Giving Back 1. Nieves Riedel with Riedel Construction recently presented a check for $1,400 to the Spanish-language support group at Yuma Regional Medical Center Cancer Center. Awards & Accolades 2. RITOCH-POWELL & Associates (RPA) announced that Sara Reynolds, Marketing Coordinator, received the SMPS President’s Choice Award at the SMPS Arizona Phelix Awards on October 10th, […]